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19 October 10:38 PM

Ratings

The agency affirmed the IDR of one bank at ‘B’
17 October 12:04 PM Fitch affirms Burgan Bank Turkey’s IDR at ‘B+’
Mubasher: Fitch Ratings has affirmed the long-term Issuer Default Rating (IDR) of Burgan Bank Turkey at 'B+', with a ‘Negative’ outlook, among other banks working in Turkey. The rating agency has also affirmed the viability rating (VR) of five …
Ratings
The rating reflects the strong financial position Kuwait Insurance enjoys
15 October 01:16 PM Moody’s affirms Kuwait Insurance rating, ‘Stable’ Outlook
Mubasher: Moody’s Investors Service has affirmed the credit rating of Kuwait Insurance Company at ‘A3’, with a ‘Stable’ Outlook. The credit rating indicates Kuwait Insurance’s solid capital level despite the high investment risks, in line with …
Almarai’s earnings continued in a declining trajectory and dropped 8.4% in Q3
14 October 03:21 PM Al Rajhi Capital sets TP of Almarai at SAR 51/shr
Riyadh – Mubasher: Al Rajhi Capital has maintained the target price of the Tadawul-listed company Almarai Company at SAR 51 per share, according to Al Rajhi’s statement on Monday. The research company noted that Almarai’s earnings continued in a …
ABK’s viability rating (VR) was affirmed at ‘bb+’
14 October 02:09 PM Fitch affirms ABK’s long-term IDRs; Outlook ‘Stable’
Mubasher: Fitch Ratings has affirmed Ahli Bank of Kuwait’s (ABK) long-term issuer default rating (IDR) at ‘A+’, with a ‘Stable’ outlook. ABK’s short-term IDR was affirmed at ‘F1’, the bank said in a filing to Boursa Kuwait on Monday. Moreover, the …
eXtra's net income declined by 12% year-on-year in Q3-19
13 October 11:37 AM Al Rajhi Capital sets TP of eXtra at SAR 80/shr
Riyadh – Mubasher: Al Rajhi Capital has set the target price of the Tadawul-listed company United Electronics (eXtra) at SAR 80 per share, up 12.2% from the current price. The research firm noted that eXtra reported significant top-line growth of …
Saudi Arabia's GDP growth is expected to hit 0.8% during 2019
10 October 02:54 PM Saudi Arabia’s economic growth to reach 1.6% in 2020 – WB
Riyadh – Mubasher: Saudi Arabia’s economic growth is expected to reach 1.6% in 2020, and 2.2% in 2021, as oil production cuts are reversed and ongoing diversification reforms yield dividends, according to the World Bank’s (WB) recent report. With …
Macroeconomics
Saudi Arabia ranked the 1st among Arab nations
9 October 04:12 PM Saudi Arabia leads Arab counties in gold reserves – WGC
Riyadh - Mubasher: Saudi Arabia topped Arab countries in gold reserves, according to a recent report by the World Gold Council (WGC) for October. Saudi Arabia ranked the 1st among Arab nations and the 18th on the global level. The kingdom’s gold …
Macroeconomics
Saudi Arabia reached the 36th place in 2019 global competitiveness ranking
9 October 01:55 PM Saudi Arabia improves 3 positions in 2019 global competitiveness ranking
 Riyadh – Mubasher: Saudi Arabia has jumped three positions, or 70 points, to be ranked as one of the most competitive economies in the Arab region, according to the latest Global Competitiveness Report 2019 by the Geneva-based World Economic …
Ratings
The downgrade considered the rising geopolitical tensions in the region
9 October 12:38 PM Fitch downgrades Saudi Aramco’s rating to ‘A’; Outlook ‘Stable’
Riyadh – Mubasher: Fitch Ratings has downgraded Saudi Arabian Oil Company's (Saudi Aramco) Long-Term Issuer Default Rating (IDR) to “A” instead of “A+” with a stable outlook, according to Fitch’s recent report. The assessment of Saudi Aramco's …
The bank’s ratings were affirmed with a stable outlook
9 October 11:56 AM CI Ratings affirms Emirates NBD’s ratings
Dubai – Mubasher: Capital Intelligence Ratings (CI Ratings), the international credit rating agency, announced that it has affirmed the long-term foreign currency rating (LT FCR) of the UAE-based Emirates NBD at 'A+'. The agency also maintained …
Ratings
S&P’s outlook upgrade was allocated based on the firm’s improving liquidity
7 October 02:01 PM S&P affirms Wethaq Takaful’s rating at ‘B’; Outlook ‘Stable’
Mubasher: Standard & Poor's Ratings (S&P) affirmed the credit rating of Wethaq Takaful Insurance rating at ‘B’, while upgrading its outlook to ‘Stable’ from ‘Negative’. S&P’s outlook upgrade was allocated based on the firm’s improving liquidity, …
Ratings
S&P affirmed its long-term insurer financial strength and issuer credit ratings on RAK Insurance at 'BBB+'
3 October 12:15 PM S&P affirms RAK Insurance’s ratings at BBB+
Abu Dhabi – Mubasher: Standard & Poor's (S&P) Global Ratings announced it has affirmed its long-term insurer financial strength and issuer credit ratings on the UAE-based Ras Al-Khaimah National Insurance Co (RAK Insurance) at 'BBB+', with a …
Warba's Viability Rating was affirmed at 'bb-'
2 October 03:47 PM Fitch Affirms Warba Bank’s IDR at 'A+'; Outlook stable
Mubasher: Fitch Ratings has affirmed Warba Bank’s Long-Term Issuer Default Rating (IDR) at 'A+', with a stable outlook, according to a bourse statement released on Wednesday. The rating agency also affirmed the bank’s Viability Rating (VR) at …
Ratings
This rating comes in line with the Aa2 long-term issuer rating of Abu Dhabi gov't
2 October 10:22 AM Moody's assigns Abu Dhabi's $10bn three tranche bond rating at Aa2
UAE – Mubasher: Moody's Investors Service, the bond credit rating business of Moody's Corporation, announced it has assigned a senior unsecured rating to the $10 billion three tranche bond issued by the Government of Abu Dhabi at Aa2, with a …
Ratings
Fitch will revise its decision
1 October 06:34 PM Fitch Ratings downgrades Saudi Arabia’s IDR; MoF responds
Riyadh – Mubasher: Fitch Ratings has downgraded Saudi Arabia's Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'A' from 'A+', with a stable outlook, according to a statement. The rating agency based its decision on the geopolitical …
Ratings
Burgan’s asset quality remains stable
1 October 05:13 PM Fitch Ratings affirms Burgan Bank’s IDR at 'A+'
Mubasher: Fitch Ratings has affirmed Burgan Bank’s Long-Term Issuer Default Rating (IDR) at 'A+' with a stable outlook, according to a statement. The bank’s Viability Rating (VR) was affirmed at 'bb'. Burgan’s asset quality remains stable, while …
Ratings
NBK benefits from a diversified business model
1 October 03:27 PM Fitch affirms IDR of NBK, NBKI at 'AA-'; Outlook stable
Mubasher: Fitch Ratings has affirmed National Bank of Kuwait 's (NBK) and NBK International's (NBKI) Long-Term Issuer Default Rating (IDR) at 'AA-', with a Stable Outlook. The global rating agency also affirmed NBK's Viability Rating (VR) at 'a-', …
Ratings
KIB’s profits slid to KWD 9.61 million in H1-19
1 October 01:17 PM Fitch affirms KIB’s IDR at ‘A+’; Outlook ‘Stable’
Mubasher: Fitch Ratings has affirmed KIB’s long-term issuer default rating (IDR) at ‘A+’, with a ‘Stable’ outlook. The bank’s viability rating (VR) was affirmed at 'bb-', KIB said in a filing to Boursa Kuwait on Tuesday. The new ratings enhance …
Ratings
Walaa Insurance's GCC regional scale financial strength credit rating is at ‘gcAA+’
1 October 11:28 AM S&P affirms Walaa Insurance’s FSR at ‘BBB+’; Outlook ‘Positive’
Riyadh – Mubasher: Standard & Poor’s Ratings Services (S&P) affirmed the financial strength rating (FSR) of Walaa Cooperative Insurance Company at ‘BBB+’, with a ‘Positive’ outlook. The rating agency also affirmed the company’s GCC regional scale …
ABK’s VR was affirmed at ‘BB+’
29 September 04:05 PM Fitch affirms ABK, Boubyan Bank’s IDRs at ‘A+’; Outlook ‘Stable’
Mubasher: Fitch Rating has affirmed all ratings of Boubyan Bank and Al Ahli Bank of Kuwait (ABK), with a ‘Stable’ outlook. The agency affirmed Boubyan Bank’s long-term issuer default rating (IDR) at ‘A+’, and the short-term IDRs at ‘F1’. The …
Ratings
Fitch has affirmed GBK’s financial Viability Rating (VR) at ‘bb+’
29 September 02:08 PM Fitch Rating affirms GBK’s IDR at ‘A+’; outlook ‘Stable’
Mubasher: Fitch Rating affirms the long-term issuer default rating (IDR) of Gulf Bank of Kuwait (GBK) at ‘A+’ and the short-term IDR at ‘F1’, with a ‘Stable’ outlook. Additionally, the agency has affirmed GBK’s financial Viability Rating (VR) at …
Banking and Finance
CI Ratings has maintained GFH’s outlook at stable
29 September 11:29 AM GFH to maintain diversifying business on CI Rating’s affirmation
Mubasher: GFH Financial Group, listed on the Dubai Financial Market (DFM), Boursa Kuwait, and Bahrain Boursa, said its management would carry on the diversification process of its business and would maintain securing healthy income generation to …
Ratings were supported by increased liquidity
28 September 07:28 PM Capital Intelligence gives 'BB', 'B' credit ratings to GFH
Mubasher: Capital Intelligence Ratings has affirmed the Long-Term and Short-Term Foreign Currency Ratings of GFH Financial Group at 'BB' and 'B', respectively, with a stable outlook, according to a statement. The recent ratings of the Bahrain-, …
Ratings
The bank's outlook is stable
28 September 07:14 PM Capital Intelligence affirms ADCB’s credit ratings at 'A+', 'A1'
Abu Dhabi – Mubasher: Capital Intelligence Ratings has affirmed the Long-Term and Short-Term Foreign Currency Ratings of Abu Dhabi Commercial Bank at 'A+' and 'A1', with a stable outlook, according to a statement. ADCB was also assigned a Bank …
Ratings
Geopolitical risks remain high
28 September 04:18 PM S&P affirms Saudi Arabia’s credit ratings at ‘A-/A-2'
Riyadh – Mubasher: Standard and Poor’s has affirmed Saudi Arabia's ‘A-/A-2' long- and short-term sovereign credit ratings, with a stable outlook. The global rating agency stated that it expects the kingdom’s oil output to return to normal levels …
Macroeconomics